OSP investigates Mustapha Hamid over alleged GH¢1.3bn embezzlement at NPA

The Office of the Special Prosecutor (OSP) has launched an investigation into former National Petroleum Authority (NPA) Chief Executive Mustapha Abdul-Hamid over allegations of financial mismanagement involving GH¢1.3 billion from the Unified Petroleum Pricing Fund (UPPF).

At a press conference on Wednesday, February 12, Special Prosecutor Kissi Agyebeng announced that his office is looking into suspected corruption and corruption-related offenses regarding funds misappropriated from the Unified Petroleum Pricing Fund (UPPF) at the National Petroleum Authority (NPA).

According to the OSP, the investigation targets four individuals, including Jacob Amoah, the Coordinator of the UPPF; Wendy Ashong Newman; Freda Tandoh; and Mustapha Abdul-Hamid.

Special Prosecutor Kissi Agyebeng said: “The OSP has commenced investigations into suspected corruption and corruption-related offenses in respect of an alleged embezzlement of GH¢1.3 billion from the Unified Petroleum Pricing Fund (UPPF) at the National Petroleum Authority (NPA).

“The investigation primarily targets the following persons: the coordinator of the UPPF, Jacob Amoah, NPA’s staff Wendy Ashong Newman, NPA’s staff Freda Tandoh, and a former Chief Executive of the NPA, Mustapha Abdul-Hamid.”

Mustapha Abdul Hamid served as the Chief Executive Officer from 2021 to 2024.